Brief: Elmos Semiconductor Confirms 2024 Guidance After Q2 Profit Rise

Elmos Semiconductor SE

01/08/2024 06:44

Aug 1 (Reuters) - Elmos Semiconductor SE  ELGG.DE :
    * POSITIVE BUSINESS PERFORMANCE CONTINUES IN THE SECOND
QUARTER OF
2024 – SALES UP 4.4%
    * FOR FISCAL YEAR 2024, ELMOS EXPECTS POSITIVE OPERATING
ADJUSTED
FREE CASH FLOW (EXCLUDING EFFECTS FROM CLOSING OF SALE OF ELMOS
WAFER FAB TO LITTELFUSE INC., USA) TO BE SIGNIFICANTLY HIGHER
THAN IN PRIOR YEAR (-24.3 MILLION EURO)
    * GUIDANCE IS BASED ON AN EXCHANGE RATE OF 1.10 EUR/USD
    * EBIT ROSE TO 35.9 MILLION EURO IN Q2 OF 2024
    * 2024 CONTINUES TO EXPECT SALES OF 605 MILLION EURO ± 25
MILLION
EURO AND AN OPERATING EBIT MARGIN OF 25% ± 2 PERCENTAGE POINTS
OF SALES
    * FULL-YEAR GUIDANCE FOR 2024 CONFIRMED

Source text for Eikon:  ID:nEQ71lnbda 
Further company coverage:  ELGG.DE 

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